Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC lessened its stake in Tyler Technologies, Inc. (NYSE:TYL) by 54.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,120 shares of the technology company’s stock after selling 4,976 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Tyler Technologies were worth $2,376,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TYL. Barclays PLC lifted its position in shares of Tyler Technologies by 2.5% during the third quarter. Barclays PLC now owns 88,296 shares of the technology company’s stock worth $51,543,000 after purchasing an additional 2,169 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after buying an additional 275,511 shares during the period. Park Avenue Securities LLC lifted its holdings in Tyler Technologies by 8.4% in the 4th quarter. Park Avenue Securities LLC now owns 4,274 shares of the technology company’s stock worth $2,465,000 after buying an additional 330 shares in the last quarter. Burney Co. lifted its holdings in Tyler Technologies by 21.1% in the 4th quarter. Burney Co. now owns 977 shares of the technology company’s stock worth $563,000 after buying an additional 170 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in Tyler Technologies in the 4th quarter valued at about $305,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

TYL has been the topic of a number of analyst reports. Piper Sandler dropped their target price on Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Needham & Company LLC restated a “buy” rating and set a $750.00 price objective on shares of Tyler Technologies in a research note on Tuesday, May 13th. Barclays cut their target price on Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. The Goldman Sachs Group increased their target price on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Robert W. Baird dropped their price target on shares of Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $674.67.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $576.86 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $24.88 billion, a price-to-earnings ratio of 95.19, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. Tyler Technologies, Inc. has a twelve month low of $458.50 and a twelve month high of $661.31. The business has a 50 day simple moving average of $561.21 and a 200-day simple moving average of $589.54.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.22. The firm had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.20 earnings per share. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel M. Pope sold 365 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total transaction of $200,750.00. Following the transaction, the director now owns 2,853 shares in the company, valued at $1,569,150. This represents a 11.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,462 shares of company stock worth $12,258,926 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.